Archive for the ‘Luxury Home’ Category

You Ask, We Answer: When is the Right Time to Upgrade to a Larger Home

Monday, November 6th, 2017

Upgrading to a Larger Home – Are you ready?

Many homebuyers face the question of size when looking for their next home. Do they downsize, stay the same, or upgrade to a larger home? To help answer this question, here are some factors to take into consideration when determining if you should upgrade to a larger home.

 

Affordability

With larger homes come more financial responsibility. Typically larger homes will come with a larger mortgage, repair/maintenance, utilities, and insurance payments as well as increased property taxes. Are you ready financially for these larger expenses? Take into account these estimated expenses when going over your household budget. Remember, ideally you’ll want to be able to maintain a comfortable quality of life and still be able to save for the future when these larger expenses are taken into account with your budget.

 

Down Payments

There is a need in most cases during the property buying process to make a down payment and to pay for closing costs. You should include these expenses in your estimations while keeping in mind that selling the existing property and accessing equity will yield most or all of the funds that are needed to make a new purchase. Working with a real estate professional and a mortgage broker will help you to get more information about these two factors before making a sound financial decision.

 

When the time is right for you to upgrade to a larger home, you should consider working with an experienced real estate agent to sell your existing property and help you in the process of buying a new home!

For all of your Greater Calgary Real Estate needs, we are here for you!

Home Sweet Home Team

The Top Producing Team at Century 21 Bamber Realty Ltd.

 

Record Setting July for Calgary’s Luxury Home Market

Tuesday, August 6th, 2013

Once again, Calgary’s luxury homes real estate market is setting new records!

In the month of July 2013, 70 luxury homes, homes above the sales price of $1M were sold in Calgary as reported by CREB. This sets a record total for Calgary luxury home sales in a July. Last year there were just 42 luxury homes sold in the month of July, making this years sales a 66% increase over July 2012.

This years luxury real estate market is greatly outpacing last years as 470 homes have been sold so far as compared to 344 at this point last year. Not only was this a record setting July but more luxury homes have been sold in the past 6 month period than any other year, excluding 2012.

If you are a luxury homeowner and are considering selling, the market is very HOT and it is a great time to get the most for your home! Our Fine Homes & Estates Specialist, Julie Vesuwalla, would be more than happy to provide you with a free market evaluation of your Calgary home.

 On the other hand, if you are looking to purchase a Calgary property it is still a great time as prices are quickly on the rise. Contact Us at the Home Sweet Home Team TODAY! We are your CALGARY CONNECTION!

Source: http://www.calgaryherald.com/business/real-estate/home+sales+July/8743475/story.html

Calgary Real Estate Market is on the Verge of Breaking Historic Records

Thursday, May 30th, 2013

With only a few days left in May it appears that the Calgary real estate market is on the verge of breaking a few monumental records.

According to CREB as of today May 30, 2013, the average sale price of a Calgary home is $532,071.  The current record for average sales price for Calgary homes was set in March of this year with a sales price of $518,064. Unless something drastically changes, it is likely that May housing prices will hold strong and break this record.

Another impressive record that we will likely see broken is the number of luxury home sales in Calgary. To qualify to be considered a luxury home the property must sell for $1 Million plus. The record is currently 80 luxury home sales which was set in May 2012. As of today, May 30th 2013, there has been 71 luxury home sales with over 15 sales pending. If these deals finalize this will be a very memorable month for the Calgary Real Estate Market.

If you are interested in more information on the Calgary real estate market, or if you are looking to buy or a sell a property in Calgary please Contact Us today, Century 21 Bamber’s top team would love to help you.

 

 

 

A New April Record For Calgary Luxury Homes Sales

Thursday, May 2nd, 2013

Once again the luxury home market in Calgary is breaking records for the number of luxury homes sold in the Calgary resale MLS market.

According to a report by Mario Toneguzzi, a real estate journalist and specialist at Calgary Herald, there were 65 properties in the price range of over $1 million sold during the month of April, 2013. This is a 38 % spike over the exact same time period last year. The previous record for sales in the month of April was seen in 2012 with sales of 47 luxury homes.

This year’s luxury home sales is well on its way to passing the record set last year for 544 luxury home sales in 2012. The most notable luxury home sale was seen just last week with Calgary Flame’s past captain and local hero Jarome Iginla’s home selling for $3.995, full list price in just a day.

The April record is the 3rd highest number of luxury sales ever experienced in any month for Calgary, putting it behind 80 for May 2012 and 74 which happened this year in March.

If you are interested to see what the market value of your luxury home might be in this hot market please Contact Us today. We would be more than glad to provide you with a free market evaluation of your home.

If you are looking to upgrade and are looking for a Calgary luxury home, take a look at Calgary’s Properties For Sale

Calgary MLS Record Sale in Aspen Woods

Thursday, February 28th, 2013

 

 

If you didn’t think the real estate market was crazy in Calgary this might change your mind. On Wednesday, February 27th an Aspen Woods home sold for a whopping $10.35 million. This sets the record for the highest MLS sale price ever recorded in Calgary!

If you want to take advantage of the HOT market, give us a call today and we would love to be the one’s to list your home.

If you want to take a look at the photo gallery of this breath taking home many describe as a “French Castle” follow the link below.

http://www.calgaryherald.com/business/real-estate/Gallery+Aspen+Woods+home+sells+record+million/6988471/story.html

Famous Rafter Six Ranch Resort Outside of Calgary For Sale

Monday, February 11th, 2013

 

CALGARY — An iconic piece of Alberta history, nestled near the Kananaskis River, is available for purchase.

The Rafter Six Ranch Resort, where movies have been filmed and where famous Hollywood stars have stayed, is listed for sale at $12.5 million by Sotheby’s International Realty Canada.

“We’ve had it listed for under six months. We’ve had some pretty good institutional interested investors. We actually have quite a few buyers who are interested in it. It’s definitely a property for somebody who is looking at running a business out of it. It could definitely be a strong business,” said Daren Gull, realtor with Sotheby’s International Realty Canada in Calgary.

“In Sotheby’s, it’s definitely one of the Sotheby’s premier ranches right across North America … It’s actually really put Calgary on the map as far as ranching communities internationally. It’s so unique.”

The property is currently owned by a bank. The resort currently is still operating.

It sits on 30 hectares of land that is bordered on the east side by the Kananaskis River, just minutes south of the Highway 1 and the Seebee turnoff, about 90 kilometres west of Calgary and 20 kilometres east of Canmore in the Municipal District of Bighorn.

The Sotheby’s listing says the purchase price includes a 19,116-square-foot, three-storey guest lodge that has 18 guest rooms, a dining room, a coffee shop and two meeting rooms. A 6,326-square-foot hall is utilized for a variety of group events that can hold up to 400 guests. A 2,430-square-foot church was built in 1996 for about 100 guests and incudes a choir loft, fireplace, and finished basement.

The barn and tack shop is 5,041 square feet surrounded by corrals. There are eight guest cabins, and four chalets ranging from 368 square feet to 1,266 square feet. There is also a 2,700-square-foot Quonset. The property includes a 3,400-square-foot, two-storey, owner’s residence, and various out structures.

The property has a rich history. According to the Rafter Six Ranch Resort website: “In the 1880s Colonel James Walker of the Northwest Mounted Police (NWMP) established a rough line shack, and pastured and bred horse’s on the land that today is Rafter Six Ranch.”

The website says that in the 1940s a location scout for Walt Disney Pictures discovered the Rafter Six Ranch.

“Walt Disney visited Rafter Six Ranch, and was so taken with the stunning scenery, that soon a steady stream of Disney Productions were using the Ranch. A cabin was specially built for Walt Disney — and still carries his name,” says the website.

“River of No Return, was Marilyn Monroe’s first movie, and many of the scenes were shot on and around the ranch. Rafter Six Ranch has been the backdrop for many wilderness themed Movies and TV Shows. Productions like, Grizzly Adams, Wilderness Family, Wolf Boy, and Across the Great Divide … have all been shot at the Resort.”

In 1994, the television movie, How the West Was Fun, using the ranch’s name, starred Mary-Kate and Ashley Olsen and was filmed on location.

The website says some of the guests and visitors over the years have included: Charles Bronson; Paul Newman; Martin Mull; Robert Logan; Lee Marvin; Kevin Costner; Robert Mitchum; Stuart Margolin; and Hardy Kruger.

Over the years, the ranch has been used for a variety of activities including: weddings; corporate retreats and meetings; lodging; horseback adventures; whitewater rafting; treetop ropes and zipline; entertainment; winter adventures; and dining.

mtoneguzzi@calgaryherald.com

Twitter: MTone123

© Copyright (c) The Calgary Herald

Calgary Luxury Home Market Sets Record Year in 2012

Monday, January 7th, 2013

CALGARY — Calgary’s luxury home market has been on fire this year and that flame is expected to continue burning into 2013.

Sales of properties valued at more than $1 million set a record in 2012 and the increase in sales in this market from the previous year is taking place at a higher pace than overall residential MLS sales in the city.

Shayna Nackoney-Skauge, a realtor with RE/MAX Rocky View Real Estate, says buyers these days seem to be more confident about the economy as the activity level for sales and showings in the luxury market continues to rise.

“Pricing is very competitive and buyers are definitely getting deals. They’re getting motivated sellers,” she says. “My experience lately selling higher-end homes is that the listings that are selling are a little extra motivated to sell. Buyers are seeing that and getting deals on some great properties. I think activity levels are higher than previous years because buyers are feeling more confident but still wary not to be over-paying.

“I’m also seeing buyers putting more down on a house which shows confidence in the market. The pricing for brand new luxury homes is definitely quite competitive right now – there are some good deals out there for high-end home buyers. With the exception of older luxury homes that are in fantastic view locations on larger lots, it’s tough for them to compete with some of the brand new builds.”

In 2012, 544 homes sold for more than $1 million each in Calgary.

The all-time record for luxury home sales in any month was set in May when 80 properties sold for more than $1 million each.

The previous high for most luxury home sales in an entire year was 458 during the 2007 housing boom.

Don Campbell, president of the Real Estate Investment Network in Canada, says it will be a record year again in 2013 for the Calgary luxury home market.

“What we’re finding is the incomes are moving quickly and what we call a luxury market in Calgary is almost considered an average market in Vancouver and Toronto. The in-migration is not just about the blue-collar workers,” says Campbell. “There are a lot of executives … moving into Calgary and they’re selling their properties in Vancouver and selling their properties in the Toronto area and Montreal and they’re coming here and going ‘I can get THAT for this price? I’ll take it’.”

Another pillar holding up the luxury home market in Calgary is consumer confidence, he says.

“When you’ve got consumer confidence coupled with three per cent interest rates and people are confident in their job and in their income, that’s the second pillar that’s going to hold up that luxury market,” explains Campbell.

Bob Jablonski, the Calgary Real Estate Board’s president, says the booming luxury home market is an indication that the people buying these types of homes are seeing strong long-term prospects for the city.

“Confidence in the marketplace. Stability. The fact we’re not like the rest of the country. They’re making adjustments as far as prices. And they’re actually getting a bigger bang for their buck. Larger homes are selling for less money than they were back in 2007,” says Jablonski. “They’re getting more house for their money … They’re saying ‘hey it’s a good investment. I can justify spending that kind of money’.”

He too doesn’t see any letdown in the luxury home market heading into 2013.

“The city’s growing. There’s a lot of in-migration still coming to the city. All the economic factors are there for continuing good news,” says Jablonski.

Rachelle Starnes, a realtor with Royal LePage Foothills, says the luxury market has been strong due to a softening of prices and there are no economic factors to suggest the market will be any different in 2013 than in 2012.

“We remain optimistic that we are headed for a bullish luxury real estate market in 2013,” says Starnes.

Tanya Eklund, a realtor with RE/MAX Real Estate Central, says Calgarians have seen wage increases and higher bonus structures in the last year due to profit margins increasing for companies. The city’s population has also increased with more people moving here.

“Low interest rates and lower inventory will continue to create demand,” says Eklund. “Low vacancy rates and rental rates, which are speculated to continue to rise, will help the real estate market as buyers will turn to purchasing instead of renting. Housing starts will be slightly down this year due to developers pulling back due to the amount of new inventory on the market which will also help the resale market.”

mtoneguzzi@calgaryherald.com

Read more: http://www.calgaryherald.com/business/Calgary+luxury+home+market+sets+record+year/7781584/story.html#ixzz2HJFrr43k

 

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